Prepress
Ness Technologies Announces New Version of Ness Content Office at NAB Exhibition
Thursday 20. March 2008 - Also on Display: the Ness Media Business Framework
Ness Technologies, Inc. (NASDAQ: NSTC), a global provider of information technology services and solutions, today announced that it will unveil a new version of its proprietary media contract management solution, Ness Content Office(TM), at the NAB exhibition, to be held April 14-17, 2008 in Las Vegas. Ness will also unveil its Media Business Framework – a comprehensive array of flexible, globally available services and product solutions for media, broadcast and publishing organizations.
The Ness Content Office(TM) solution (previously known as iRights) is an advanced technology answer to the problems faced by media companies across television, publishing, film, and music in managing rights, contracts and royalty payments. The new version (version 6) represents a significant extension to the product for the benefit of users who want to integrate and automate rights, contracts and royalty payment processing.
“Ness Content Office is the most viable solution in the marketplace for supporting end-to-end processing of contracts and payments management” said Carolyn Pearson, head of production business systems at ITV plc. “In addition, the Ness team has been able to demonstrate exceptional industry knowledge and expertise enabling ITV to challenge and redevelop internal business processes.” ITV plc, the largest commercial broadcaster in the United Kingdom, selected Ness Content Office(TM) for its Contracts and Artiste Payments System (CAPS) in 2007.
The new version of Ness Content Office(TM) includes an advanced payment module, based on FremantleMedia’s market-leading artiste payments system. This new module adds both production payroll and secondary residuals payment functionality. Ness Technologies signed an exclusive license deal with FremantleMedia, one of the largest global creators and producers of television programming, formats, DVDs and ancillary IP.
The combination of FremantleMedia’s artiste payment system and the Ness Content Office(TM) solution will provide ITV with a proven, state-of-the-art and solution for the CAPS project.
At NAB 2008, Ness Technologies will also unveil its Media Business Framework, a comprehensive array of services and technologies provided through Ness’ global delivery capabilities. Media Business Framework offerings include consulting and outsourcing in software product development, system integration and application development, and proprietary products such as the Ness Content Office(TM) along with advanced archiving solutions. Ness Technologies is uniquely qualified to meet the needs of media, broadcast and publishing companies with its deep expertise in media and broadcast industry business processes combined with core competence in IT services.
“Media businesses operate within an increasingly competitive market. They run on tight margins and need innovative services and solutions just to maintain cost effectiveness,” said Peter Sutton, Managing Director of Ness UK, “The Media Business Framework demonstrates our commitment to deliver an advanced portfolio of services and solutions engineered to help media and broadcasting clients make the most efficient use of their IT infrastructure to meet and beat their current and future business objectives.”